Located in the centre of Kumeū's bustling commercial precinct, 190 Main Road offers a prime investment opportunity in an area that is geared for growth.
Marketed by Barfoot & Thompson's industrial sales broker, Meir Alfassi, this property is available for sale by negotiation, promising both stability and flexibility for investors.
“The main drawcard here is versatility,” says Alfassi. “With a solid mix of established tenants, the property provides a steady income stream while also offering the potential for future rental growth.”
Constructed in 2004, the building offers a total net lettable area of 1,057.8m². It sits on a 3,420m² freehold site and is fully leased, generating a net income of $283,900 across five tenancies.
Start your property search
This includes the first-floor office space, underwritten by the vendor for two years, contributing $36,900 annually.
Tenants such as VTNZ, Carpet Court, a barber, and a recently opened dairy create a reliable and diverse tenant mix, making this a true split-risk investment.
Property particulars include a purpose-built, drive-through facility for VTNZ, retail spaces on the ground floor, and offices above.
The site’s prominent frontage to State Highway 16 ensures excellent visibility, while shared access with 192 and 196 Main Road provides convenient parking for both tenants and customers.
Built with concrete slab floors, timber upstairs, and long-run steel roofing, the property is both durable and low maintenance.
“Its purpose-built design maximises functionality, making it an ideal fit for a wide range of businesses" Alfassi says. “And given that Kumeū is experiencing rapid growth, driven by significant infrastructure upgrades and expanding services, this property will only become more valuable.”
Zoned Business - Light Industry under the Auckland Unitary Plan, and with a maximum development height of 20 metres, the site also offers future development potential.
“The combination of a stable income stream, a high-growth location, and development possibilities makes this a smart choice for investors,” says Alfassi.
- Supplied by Barfoot & Thompson
